Water Street Portfolio 2 biens | Worcester, MA

56 Water Street presents the opportunity to acquire a fully occupied, 2,075 SF retail/commercial asset located within Worcester's rapidly growing Canal District. The property is newly occupied and built out by a popular vegan eatery that adds strong local presence and consistent customer traffic to the location.
64 Water Street presents the opportunity to acquire a fully renovated, 19,220 SF mixed-use asset in the heart of Worcester consisting of (3) street-level retail spaces and (16) one-bedroom apartments. The retail component is anchored by an established tenant mix including a barbershop, nail salon, and restaurant, providing stable commercial occupancy and strong street presence along a highly visible corridor.
The property underwent a complete gut renovation in 2019, offering investors modernized building systems and apartment finishes throughout. Residential tenants are responsible for their own electric, gas heat, and hot water, allowing for efficient management and reduced operating expenses. Additional amenities include in-unit laundry and off-street parking for select apartments, features that continue to drive strong tenant demand in the Worcester rental market.
Positioned along the highly traveled Water Street corridor, both properties benefit from excellent visibility and close proximity to Downtown Worcester, Polar Park, Union Station, and major highways including I-290 and Route 9 — alongside numerous residential and commercial developments that continue to transform the surrounding area. The portfolio also features some off-street parking, an increasingly valuable amenity for both customers and employees in this densely developed neighborhood.